A German company has launched a Timeshare-style scheme encouraging two to eight co-owners to combine to purchase a holiday home.
Launched in 2021, MYNE works like this: individual co-owners stump up their share of a purchase price, beginning at £99,000, while the MYNE platform brings together owners who appear compatible – for example, a family with school-age children may be paired with a family without children, reducing the risk of wanting to use the property at the same time.
A statement from the firm says: “The launch in the UK comes at a time where many Brits dreaming of owning a holiday home are navigating the complexities of Brexit limitations and European regulations – with countries like France banning second home ownership in popular resorts by foreign buyers.”
MYNE claims that its operations in European locations show an average of 3% to 6% capital appreciation per year, depending on location, with its registered properties used on average 85% of the year.
Its co-founders and managing directors – Fabian Lohmer and Nikolaus Thomale – say in a statement: “Our co-ownership model is built on fairness and long-term financial value. By enabling two to eight individuals to legally share ownership of a single property,
MYNE creates a clear, secure framework for enjoying a premium holiday home – without the waste of unused time or disproportionate costs. With Brexit having made it more complex and costly for Brits to own a European holiday home, our model arrives at the perfect time – offering a modern, sustainable and more efficient way to truly enjoy a premium holiday home.
“Managing a holiday home, especially abroad, can be complex and time-consuming. …Our mission is to democratise access to premium holiday home ownership by making it simpler, smarter, and more sustainable. The concept of owning a holiday home has evolved, with growing demand for co-ownership models that offer flexibility and value without the traditional hassle and costs. That’s why we’re proud to have more than doubled our revenue growth last year – proof that our approach is resonating with a new generation of holiday homeowners.”
